09/21/2021

Top Two U.S. Ports See Mixed Trade in December

The nation’s two largest seaports saw mixed performances in December, ending a wildly erratic year on the U.S. West Coast on a mostly flat note.

The neighboring ports of Los Angeles and Long Beach reported combined December import volume that was just 0.7% greater than the same month in 2014 and 0.6% more than December 2013.

The muted close to the year came as broad U.S. trade figures are slipping and shipping volumes suggest companies are slowing down investment. Many of the nation’s ports, including L.A., reported weak volume during the traditionally-busy months leading into the holiday season, which analysts have attributed to overly high inventory levels among retailers and manufacturers.

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